XAUUSD - Gold is up again, when Can I enter a sell signal?
According to one market analyst, although gold prices are likely to fall and retest support below $1,900 an ounce early in the second half of the year, investors should not give up on gold.
Edward Moya, senior market analyst at OANDA told Kitco News that developing a long-term expectation for gold that strengthens the labor market will weaken, ushering in a weaker economy, as gold become the most successful safe-haven asset.
The US Department of Labor's jobs report released on July 7 showed the number of jobs created in June at the lowest level in two years. But strong wage gains suggest labor market conditions remain tight.
Nicholas Frappell of investment environment firm ABC Refinery said the report on nonfarm employment does not appear to be in conflict with expectations about the possibility of the Fed raising interest rates in July.
Gold price always reacts to my dynamic scaling modes. By increasing interest rates will help the USD strengthen, but create the attractive attraction of non-profitable products such as gold significantly decrease.
Edward Moya, senior market analyst at OANDA told Kitco News that developing a long-term expectation for gold that strengthens the labor market will weaken, ushering in a weaker economy, as gold become the most successful safe-haven asset.
The US Department of Labor's jobs report released on July 7 showed the number of jobs created in June at the lowest level in two years. But strong wage gains suggest labor market conditions remain tight.
Nicholas Frappell of investment environment firm ABC Refinery said the report on nonfarm employment does not appear to be in conflict with expectations about the possibility of the Fed raising interest rates in July.
Gold price always reacts to my dynamic scaling modes. By increasing interest rates will help the USD strengthen, but create the attractive attraction of non-profitable products such as gold significantly decrease.
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